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Understanding passive income is crucial for achieving financial independence from "summary" of Passive Income, Aggressive Retirement by Rachel Richards
Passive income is the key to achieving financial independence. It is the idea of making money without actively having to work for it. Imagine earning money while you sleep, while you travel, or while you spend time with your loved ones. That's the power of passive income. By understanding and harnessing this concept, you can break free from the traditional mindset of trading time for money. Many people fall into the trap of thinking that the only way to make a living is by working a 9-5 job. They believe that their income is limited by the number of hours they can put in each day. However, passive income offers a way out of this restrictive thinking. It allows you to build streams of income that work for you, rather than the other way around. One of the main benefits of passive income is that it provides financial security and stability. When you rely solely on a job for income, you are vulnerable to layoffs, pay cuts, and eco...
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